2023 LBP to MKD Historical Review

YEARLY HIGH

0.0387 MKD

YEARLY LOW

0.0036 MKD

YEARLY AVERAGE

0.0071 MKD

2023 LBP to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LBP to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 8, valuing the pair at 0.0387. Conversely, the yearly low was recorded on July 18, dropping to 0.0036.

This high-to-low spread represents a total annual volatility of 0.0351 MKD. From a start-to-finish perspective, comparing the January average rate of 0.0377 to the December average rate of 0.0037, the exchange rate registered a net change of -90.07% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0387 was down 8.17% compared to the 2022 peak of 0.0422, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 LBP based on timing:

Yearly Peak High 194 MKD

2022 Average 193 MKD

Yearly Trough Low 18 MKD

Transaction Impact: A difference of 175.53 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0411

0.0003

JanuMarcMayJulySeptNove

LBP to MKD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0104, compared to 0.0038 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0067 points.

H1 Avg (Jan–Jun) 0.0104

H2 Avg (Jul–Dec) 0.0038

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0338 MKD (High: 0.0375 / Low: 0.0037). On the other end, October was the most stable month, with a tight range of 0.0001 MKD (High: 0.0039 / Low: 0.0038).

February Spread (Volatile) ±0.0338

October Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0279 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0279

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0377) against the same month in 2022 (average: 0.0360), the exchange rate shifted by +0.0017 (+4.76%).

2023 Avg (January) 0.0377

2022 Avg (January) 0.0360

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0387	0.0372	0.0377
February	0.0375	0.0037	0.0098
March	0.0039	0.0037	0.0038
April	0.0038	0.0037	0.0037
May	0.0038	0.0037	0.0038
June	0.0038	0.0037	0.0038
July	0.0038	0.0036	0.0037
August	0.0038	0.0037	0.0037
September	0.0039	0.0038	0.0038
October	0.0039	0.0038	0.0039
November	0.0039	0.0037	0.0038
December	0.0038	0.0037	0.0037